May 262014
 
Rupee trades weaker; RBI buying aids

The rupee was trading at 58.57/58 versus its Friday's close of 58.52/53, … bank steps up dollar purchases to limit sharp gains in the local currency.
See Original Article

AUD/CHF 1H Chart: Triangle

At the moment, the currency couple is on the verge of a breakout as it has … SWFX traders also somehow share the view that the upcoming breakout …
See Original Article

Daily Report: Major Currency Pairs

The euro plummeted against the sterling and the U.S dollar as market traders believe that recent disappointing economic announcements may push …
See Original Article

Rupee weakens from morning high

At 2.21pm, the local currency was trading at 58.74 per dollar, down 0.4% from its previous close of 58.5075. The domestic currency had opened at …
See Original Article

May 262014
 
Trade Idea: USD/CHF – Exit long entered at 0.8890

Despite last week;s rise to 0.8972, lack of follow through buying on break of previous resistance at 0.8966 and the subsequent retreat suggest …
See Original Article

Exclusive: NetDania's New Platform, NetStation, Goes Live with CFH Clearing's ClearVision

CFH Clearing, a UK regulated technology and liquidity provider in the global FX derivatives market will provide full back-end capabilities thus adding …
See Original Article

Rupee slips as RBI steps in to buy dollar

Reuters Market Eye – The rupee is trading at 58.57/58 versus its Friday's … (RBI) steps up dollar purchases to limit sharp gains in the local currency.
See Original Article

CAD/JPY Capped Below 94.00; Triangle Formation at Risk

The pair has been trading inside a 2-month Triangle Formation since the bearish rejection off the 200-Day Moving Average on April 4th 2014.
See Original Article

May 262014
 
AUD/USD Doji Denotes Deliberation From Traders Near Key Support

The Australian Dollar bulls remain prepared to support the currency at the 0.9210 mark. While a Doji indicates some hesitation from the bears, a key …
See Original Article

Rupee Slips to 58.62/Dollar as RBI Buys Dollar

The rupee was trading at 58.57/58 versus its Friday's close of 58.52/53, … (RBI) steps up dollar purchases to limit sharp gains in the local currency.
See Original Article

Forex Week in Review- May 26, 2014

On the currency markets last week, Sterling saw the best of the trading. The Dollar was weaker against Sterling last week, closing at $1.6866 to the …
See Original Article

UPDATE 1-Kenya FX reserves can cushion shocks to shilling – central bank

Traders, however, attribute the currency's steady weakening during May in part to a spate of bombings in Nairobi and on the coast that has shaken …
See Original Article

May 262014
 
EM ASIA FX-Stocks support Asia FX in thin trading; politics weigh on baht

Trading was subdued with offshore interest subdued as U.S. and British … the island's currency for month-end settlements around 30.100, traders said.
See Original Article

South Korean Won Forwards Gain With Spot Rate as Month-End Nears

Measures should be considered to ease exchange-rate fluctuations that affect … “This low currency trading volume can be a problem as it may distort …
See Original Article

Kenya FX reserves enough to cushion currency volatility – central bank

NAIROBI May 26 (Reuters) – Kenya's central bank holds adequate foreign exchange reserves to cushion the shilling against temporary shocks that left …
See Original Article

COT IMM currency positions indicating major reduction in EURJPY

Looking at the changes hedge funds made to their IMM currency futures position during the week of May 20, one major trade stands out. While the JPY …
See Original Article

May 262014
 
Weekly Forex Price Action Setups & Key Levels

Our Trade Idea: Look for corrective pullbacks towards 1.3670.95 area to get short with stops just above 1.3740. Downside targets are 1.3560 and …
See Original Article

Daily FX Report

With both English and American markets closed today for holidays, today's trading volume is expected to be lower than average. As a result, trader's …
See Original Article

May 262014
 
Yuan consolidates after weakest midpoint in eight months

… currency have slowed in recent weeks thanks to the People's Bank of China's policy to actively weaken its currency and widen its trading band, they …
See Original Article

Single currency facing some downside

Since breaking the uptrend which was in place from July 2013 to May 2014, it's been one-way traffic for the pair with traders reluctant to push it higher.
See Original Article

FXBeat Asian wrap: Asian equities a little higher, currencies barely changed from opening levels

FXBeat Asian wrap: Asian equities a little higher, currencies barely … AUDUSD opened at 9236, trading was confined to a narrow 9230/47 range.
See Original Article

May 262014
 
ForexLive Asia Wrap: Quiet session ahead of UK and US holidays Monday

Forex trading headlines for Asia Monday 26 May 2014 Releases today: New Zealand April trade balance: +534m (vs. expected +634m) Bank of Japan …
See Original Article

Forex: New Zealand Dollar Down as Trade Balance Data Disappoints

The New Zealand Dollar underperformed in otherwise quiet overnight trade, falling as much as 0.2 percent on average against its leading …
See Original Article

May 262014
 
EUR/GBP Technical Analysis – Euro Finds Channel Support

By Ilya Spivak, Currency Strategist. 25 May 2014 … The available trading range is too narrow to allow for a short trade from a risk/reward perspective.
See Original Article

Roger J Kerr says the FX markets are waiting to be told that the NZ economic fundamentals have …

The foreign exchange markets have to date only partially re-priced the NZ dollar downwards in response to the dramatic plunge since March in the …
See Original Article

A Flightless Bird Took Off This Year But Will It Stay Airborne?

A common currency would also create a trading bloc that would increase the wealth of small pacific Island states that would most likely also adopt the …
See Original Article

Currency Trading Expected To Be Light Due To Holidays In US & UK

Currency markets should remain quiet with the US closed for the Memorial Day holiday and the UK shuttered for the Summer Bank holiday With May …
See Original Article